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Ford moves upmarket with new Mustang, Edge and Vignale sub-brands

Ford Britain's biggest carmaker is fighting back against increased competition from budget brands from below and executive makes from above with an aggressive expansion, which will see it launch three new models by the end of 2015. Ford is about to introduce models popular in the US over here to stretch its product line-up above the £30,000 threshold. At last week's Geneva Motor Show, the company showed the new Mustang sports car as well as the new Edge crossover (above).

F1 racer marks countdown to Race Week London

FORMULA 1 racer Charles Pic has made an appearance in London with a Lotus Formula 1 car, ahead of London’s first ever ‘Race Week’ festival. The Frenchman posed for photos close to Tower Bridge, where he was joined by a ‘London Royal Guard’ and a small boy, who was only too happy to stand in the Lotus for his own picture. On July 3 motorsport fans will be able to enjoy a huge slice of F1 action in central London, as Race Week arrives just a day before the start of the practice sessions at Silverstone’s British Grand Prix.

CAFE standard set at 54.5 mpg by 2025

The final version of the new corporate average fuel economy (CAFE) standard was released today and, as expected, automakers will need to attain a fleet average of 54.5 mpg by 2025. The rules include electric and hybrid vehicles and—as of today—natural gas vehicles. The Environmental Protection Agency and the National Highway Traffic Safety Administration proposed the rules in November, after reaching an agreement with automakers last July.